Hong Kong’s Securities and Futures Commission (SFC) has approved the territory’s first solana spot exchange-traded fund (ETF), expanding its crypto ETF offerings beyond bitcoin and ether .
The ChinaAMC Solana ETF (03460) will begin trading on the Hong Kong Stock Exchange on October 27 in three currency contracts: HKD (3460), RMB (83460) and USD (9460). Each lot will represent 100 SOL.
ChinaAMC already operates bitcoin and ether spot ETFs in Hong Kong, which were among the first of their kind in Asia.
US regulators are delayed in approving a solana ETF, as the Securities and Exchange Commission (SEC) is currently operating with a skeleton staff, due to a prolonged government shutdown.
In the US, JPMorgan expects Solana spot ETFs to attract around $1.5 billion in inflows in the first year, a modest amount compared to their ether counterparts, due to the large number of other crypto ETFs already on the market.
